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<title>Is It Recession? from Newser</title>
<description>From housing to oil to jobs to spending, the numbers keep coming up rotten for the economy. Is a recession coming? Is it already here? And what should we do if it is?</description>
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<pubDate>Sun, 11 May 2008 17:39:58 CDT </pubDate>

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        <title><![CDATA[  'Slutbucks'?   Coffee Logo   Spurs Protest ]]></title>
        <description><![CDATA[Starbucks' fiscal woes are well-documented, and, Mother Jones blogger Jen Phillips writes, a boycott by a Christian group could be next, over the reintroduction of its original logo, which features a nearly bare-breasted sea siren. &quot;The Starbucks logo has a naked woman on it with her legs spread like a prostitute,&quot; says Mark Dice, the group's rep. &quot;The company might as well call themselves Slutbucks.&quot;]]></description>
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        <pubDate> Sat, 10 May 2008 07:29:10 CDT  </pubDate>
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        <title><![CDATA[ Mammoth Writedowns Hammer AIG]]></title>
        <description><![CDATA[American International Group posted a record-breaking $7.8 billion first-quarter loss yesterday, reports the Wall Street Journal. The insurance giant blamed the poor results on the sagging housing market, the credit crunch and the see-sawing stock market. It announced plans to raise $12.5 billion to patch up the damage to its balance sheet from heavy writedowns.]]></description>
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        <pubDate> Fri, 09 May 2008 02:41:11 CDT  </pubDate>
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        <title><![CDATA[  Treasury Boss: Worst Is Over ]]></title>
        <description><![CDATA[The US is emerging from the credit woes triggered by the turmoil over subprime mortgages&mdash;despite the continuing wave of foreclosures across the nation, according to Treasury Secretary Henry Paulson. Paulson, in the most positive comments yet from the White House on the nation's economic troubles, in part credited the federal bailout of Bear Stearns, reports the Wall Street Journal.]]></description>
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        <pubDate> Wed, 07 May 2008 02:45:00 CDT  </pubDate>
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        <title><![CDATA[  Even Vegas Is Down on Its Luck ]]></title>
        <description><![CDATA[Tougher times are starting hit the Sunset Strip, the New York Times reports. Las Vegas has been mostly immune to downturns in decades past, but this time the gambling mecca is feeling the pinch as consumers tighten their belts. Hundreds of casino workers have already been laid off, and a long downturn could mean a glut of hotel rooms as boom-time projects are completed.]]></description>
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        <pubDate> Tue, 06 May 2008 08:46:57 CDT  </pubDate>
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        <title><![CDATA[  US Must Stop   Foreclosures,   Bernanke Warns ]]></title>
        <description><![CDATA[Federal Reserve Chairman Ben Bernanke yesterday called for government intervention to halt home foreclosures, warning that to do nothing could &quot;destabilize communities, reduce property values of nearby homes, and lower tax revenues.&quot; Bernanke said in a speech in New York that a million Americans were already three months behind in mortgage payments at the beginning of this year, threatening dire consequences for the future of the economy, reports the Los Angeles Times.]]></description>
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        <pubDate> Tue, 06 May 2008 02:35:00 CDT  </pubDate>
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        <title><![CDATA[ College Grads Learn the Fourth 'R': Recession]]></title>
        <description><![CDATA[If college grads are looking glum this year, it's likely because they face a tighter job market once they turn their tassels. More than one million grads will look harder to find work, the Christian Science Monitor reports, and job growth has hit a 5-year low. Companies &quot;are          just being a lot more cautious,&quot; one analyst said. &quot;It's just starting to hit the college market.&quot;]]></description>
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        <pubDate> Sun, 04 May 2008 19:55:00 CDT  </pubDate>
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        <title><![CDATA[  Bankrupt, Linens 'n Things   Will Fold 120 Stores ]]></title>
        <description><![CDATA[Linens 'n Things filed for bankruptcy protection today, MarketWatch reports, and plans to close 120 stores nationwide as other operations continue. &quot;The significant deterioration in the mortgage, housing and credit markets and the resulting impact on the retail marketplace, particularly the home sector, has overwhelmed the operating and merchandising improvements that we have made over the past two years,&quot; the company's new chairman said.]]></description>
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        <pubDate> Fri, 02 May 2008 17:45:40 CDT  </pubDate>
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        <title><![CDATA[  Mood Lightens on Wall St.  as Rally Takes Hold]]></title>
        <description><![CDATA[Despite economic gloom spreading along Main Street, things on Wall Street are perking up, the New York Times reports&mdash;enough that analysts see a glimmer of hope for a turnaround beginning this year. The stock market rebounded almost 11% in recent weeks, junk bonds and other risky securities are rallying.]]></description>
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        <pubDate> Fri, 02 May 2008 09:51:51 CDT  </pubDate>
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        <title><![CDATA[ Jobless Rate Fell in April; Employers Shed Fewer Jobs]]></title>
        <description><![CDATA[US employers cut far fewer jobs in April than in recent months and the unemployment rate dropped to 5%, a better-than-expected showing that nonetheless still revealed strains in the nation's crucial labor market. For the fourth month in a row, the economy lost jobs, the Labor Department reported today. But in April the losses totaled 20,000, an improvement from the 81,000 reductions in payrolls logged in March.]]></description>
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        <pubDate> Fri, 02 May 2008 08:16:22 CDT  </pubDate>
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        <title><![CDATA[ Economy Grew at a Crawl  in First Quarter]]></title>
        <description><![CDATA[The US Gross Domestic Product rose at a 0.6% annual pace in the first quarter, despite the widespread belief that the economy is in recession, Bloomberg reports. The number stayed positive thanks to a surge in inventories, which offset flagging consumer spending and business investment. &ldquo;We think we're in recession, but I don't know that the GDP numbers are going to turn negative at all in 2008,&rdquo; said one economist.]]></description>
        <link> http://www.newser.com/story/26127.html?rss=y </link>
        <pubDate> Wed, 30 Apr 2008 08:44:06 CDT  </pubDate>
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